Hindustan Organic Chemicals reduces production load at Kochi unit
India, March 10 -- Hindustan Organic Chemicals (HOCL) announced that the Government of India has directed that all Public Sector Oil manufacturing companies to ensure that LPG procured or marketed by Public Sector Companies is supplied exclusively to domestic LPG consumers.In view of this, BPCL being the bulk LPG supplier of HOCL informed that a force majeure event has occurred which is affecting BPCL ability to supply bulk LPG as per the prevailing sale agreement. In response, HOCL has informed to BPCL that in the event of disruption in LPG supply the plant may have to shut down resulting in production loss and incurring plant restart related expenditure.The company said, HOCL, Kochi unit in the state of Kerala (Phenol Complex) is the only...
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